Andre is puzzled reading Transat A.T. (Air Transat) Inc.'s financial statements. He notices that the numbers have

Question:

André is puzzled reading Transat A.T. (Air Transat) Inc.'s financial statements. He notices that the numbers have all been rounded to the nearest thousand. He thought financial statements were supposed to be accurate and wonders what happened to the rest of the money. Respond to André's concern.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...